S

Southwest Securities Co Ltd
SSE:600369

Watchlist Manager
Southwest Securities Co Ltd
SSE:600369
Watchlist
Price: 4.59 CNY -1.29% Market Closed
Market Cap: 30.5B CNY
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+91%
5Y
-5%
10Y
-58%
Operating Income
+
3Y
+1 032%
5Y
+10%
10Y
-71%
Net Income
+
3Y
+156%
5Y
-18%
10Y
-74%

Earnings Waterfall
Southwest Securities Co Ltd

Revenue
3.3B CNY
Operating Expenses
-2.1B CNY
Operating Income
1.2B CNY
Other Expenses
-294.8m CNY
Net Income
922.1m CNY

Income Statement
Southwest Securities Co Ltd

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Income Statement
Currency: CNY
Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
24
0
0
0
31
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
28
0
0
0
42
0
0
0
66
0
0
0
63
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Revenue
78
N/A
72
-8%
60
-17%
48
-19%
44
-10%
49
+13%
56
+13%
57
+3%
58
+2%
58
-1%
65
+12%
68
+5%
67
-1%
67
-1%
59
-12%
44
-25%
32
-26%
461
+1 328%
901
+95%
1 267
+41%
2 127
+68%
2 046
-4%
1 835
-10%
2 002
+9%
2 057
+3%
2 274
+11%
2 349
+3%
1 689
-28%
1 198
-29%
977
-18%
1 158
+19%
1 388
+20%
1 509
+9%
1 567
+4%
1 425
-9%
1 790
+26%
2 166
+21%
2 341
+8%
2 697
+15%
3 300
+22%
4 040
+22%
4 907
+21%
8 208
+67%
7 801
-5%
9 411
+21%
7 205
-23%
4 460
-38%
4 742
+6%
4 178
-12%
3 411
-18%
2 995
-12%
2 905
-3%
3 439
+18%
3 253
-5%
3 123
-4%
2 780
-11%
2 925
+5%
3 079
+5%
2 894
-6%
2 997
+4%
3 706
+24%
2 878
-22%
3 370
+17%
3 470
+3%
3 451
-1%
3 322
-4%
3 499
+5%
3 382
-3%
3 555
+5%
2 389
-33%
2 020
-15%
1 728
-14%
2 139
+24%
2 485
+16%
2 376
-4%
2 476
+4%
2 581
+4%
2 175
-16%
2 047
-6%
2 207
+8%
2 831
+28%
2 575
-9%
2 858
+11%
3 299
+15%
Gross Profit
Cost of Revenue
(75)
(68)
(62)
(54)
(50)
(52)
(51)
(50)
(49)
(50)
(55)
(61)
(57)
(56)
(52)
(38)
(29)
0
0
0
(46)
0
0
0
(78)
0
0
0
(92)
0
0
0
(178)
0
(209)
0
(202)
0
0
0
(365)
0
0
0
(914)
0
0
0
(546)
0
0
0
(396)
0
0
0
(267)
0
0
0
(258)
0
0
0
(303)
0
0
0
(460)
0
0
0
(352)
0
0
0
(253)
0
0
0
(286)
0
0
0
Gross Profit
3
N/A
3
+15%
(2)
N/A
(6)
-186%
(7)
-13%
(2)
+68%
4
N/A
7
+61%
9
+30%
8
-11%
9
+15%
7
-26%
10
+41%
11
+6%
7
-38%
6
-2%
3
-52%
0
N/A
0
N/A
0
N/A
2 081
N/A
0
N/A
0
N/A
0
N/A
1 979
N/A
0
N/A
0
N/A
0
N/A
1 106
N/A
0
N/A
0
N/A
0
N/A
1 331
N/A
0
N/A
153
N/A
0
N/A
1 964
N/A
0
N/A
0
N/A
0
N/A
3 675
N/A
0
N/A
0
N/A
0
N/A
8 497
N/A
0
N/A
0
N/A
0
N/A
3 632
N/A
0
N/A
0
N/A
0
N/A
3 043
N/A
0
N/A
0
N/A
0
N/A
2 658
N/A
0
N/A
0
N/A
0
N/A
3 448
N/A
0
N/A
0
N/A
0
N/A
3 148
N/A
0
N/A
0
N/A
0
N/A
3 095
N/A
0
N/A
0
N/A
0
N/A
1 786
N/A
0
N/A
0
N/A
0
N/A
2 328
N/A
0
N/A
0
N/A
0
N/A
2 545
N/A
0
N/A
0
N/A
0
N/A
Operating Income
Operating Expenses
(90)
(87)
(124)
(121)
(88)
(89)
(73)
(73)
(85)
(111)
(124)
(125)
(31)
(66)
(33)
(31)
(25)
(188)
(368)
(523)
(802)
(916)
(926)
(976)
(892)
(1 020)
(1 088)
(1 072)
(928)
(933)
(1 000)
(1 015)
(863)
(1 222)
(1 061)
(1 267)
(1 198)
(1 588)
(1 537)
(1 920)
(1 996)
(2 340)
(3 757)
(3 637)
(3 934)
(3 798)
(2 754)
(2 945)
(2 403)
(2 661)
(2 316)
(2 221)
(2 096)
(2 064)
(2 454)
(2 418)
(2 186)
(2 694)
(2 529)
(2 378)
(2 364)
(2 164)
(2 371)
(2 364)
(1 899)
(2 088)
(1 990)
(1 958)
(1 931)
(1 857)
(1 619)
(1 621)
(1 651)
(1 840)
(1 869)
(1 846)
(1 792)
(1 632)
(1 665)
(1 785)
(1 706)
(1 759)
(1 891)
(2 083)
Selling, General & Administrative
(87)
(87)
(124)
(122)
(88)
(89)
(52)
(52)
(85)
(82)
(82)
(83)
(31)
(31)
(28)
(26)
(25)
(164)
(342)
(503)
(799)
(836)
(839)
(890)
(883)
(997)
(1 025)
(1 009)
(923)
(770)
(761)
(770)
(849)
(945)
(937)
(940)
(1 115)
(1 318)
(1 397)
(1 720)
(1 961)
(2 249)
(3 745)
(3 689)
(3 882)
(3 399)
(2 393)
(2 585)
(2 336)
(2 605)
(2 186)
(2 081)
(2 021)
(2 001)
(2 065)
(1 928)
(1 795)
(1 919)
(2 097)
(2 048)
(2 152)
(2 121)
(2 332)
(2 295)
(1 736)
(1 936)
(1 849)
(1 847)
(1 740)
(1 721)
(1 436)
(1 424)
(1 335)
(1 703)
(1 777)
(1 766)
(1 566)
(1 606)
(1 635)
(1 736)
(1 463)
(1 711)
(1 791)
(1 984)
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(34)
0
0
0
(29)
0
0
0
(45)
0
0
0
(61)
0
0
0
(63)
0
0
0
(52)
0
0
0
(75)
0
0
0
(59)
0
0
0
(132)
0
0
0
(190)
0
0
0
(190)
0
0
0
(194)
0
0
0
Other Operating Expenses
(3)
(0)
0
0
(0)
0
(21)
(21)
0
(29)
(42)
(42)
0
(35)
(6)
(6)
0
(24)
(26)
(20)
(3)
(80)
(88)
(86)
(9)
(24)
(62)
(63)
(5)
(163)
(239)
(245)
(14)
(276)
(124)
(327)
(48)
(271)
(140)
(199)
(6)
(91)
(12)
52
(7)
(400)
(360)
(360)
(5)
(57)
(130)
(140)
(12)
(63)
(389)
(490)
(339)
(774)
(432)
(330)
(137)
(44)
(39)
(69)
(103)
(152)
(142)
(111)
(59)
(136)
(184)
(196)
(127)
(138)
(92)
(80)
(37)
(26)
(30)
(49)
(49)
(48)
(101)
(98)
Operating Income
(87)
N/A
(84)
+3%
(126)
-49%
(127)
-1%
(95)
+26%
(91)
+3%
(69)
+25%
(66)
+4%
(76)
-15%
(103)
-36%
(115)
-12%
(118)
-3%
(21)
+82%
(55)
-157%
(27)
+51%
(25)
+8%
(22)
+11%
274
N/A
533
+95%
744
+39%
1 279
+72%
1 130
-12%
909
-20%
1 026
+13%
1 087
+6%
1 254
+15%
1 261
+1%
617
-51%
178
-71%
44
-75%
159
+261%
373
+135%
468
+26%
345
-26%
155
-55%
524
+238%
766
+46%
752
-2%
1 160
+54%
1 380
+19%
1 679
+22%
2 566
+53%
4 451
+73%
4 164
-6%
4 563
+10%
3 406
-25%
1 707
-50%
1 798
+5%
1 229
-32%
750
-39%
679
-10%
684
+1%
947
+39%
1 189
+26%
670
-44%
362
-46%
472
+30%
386
-18%
365
-5%
619
+70%
1 084
+75%
714
-34%
999
+40%
1 106
+11%
1 249
+13%
1 234
-1%
1 509
+22%
1 424
-6%
1 164
-18%
532
-54%
401
-25%
107
-73%
135
+26%
645
+378%
507
-21%
630
+24%
536
-15%
543
+1%
381
-30%
422
+11%
839
+99%
816
-3%
967
+18%
1 217
+26%
Pre-Tax Income
Interest Income Expense
(25)
(27)
(26)
(23)
(36)
(26)
(30)
(28)
(25)
(27)
(22)
(21)
(3)
(22)
(21)
(21)
(6)
0
0
0
(28)
0
0
0
(43)
0
0
0
(66)
0
0
0
(63)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(4)
0
0
0
(6)
0
0
0
(6)
0
0
0
(6)
0
0
0
(6)
0
0
0
(7)
0
0
0
Non-Reccuring Items
0
0
0
0
0
0
0
0
(28)
0
0
0
(35)
0
0
0
(4)
0
0
0
(2)
0
0
0
(1)
0
0
0
107
0
0
0
(22)
0
0
0
0
0
0
0
(33)
0
0
0
(297)
0
0
0
(71)
0
0
1
(61)
18
96
98
(254)
86
20
18
26
26
31
32
(44)
28
10
17
(119)
(34)
(52)
(67)
(20)
(6)
12
39
11
1
(21)
5
16
24
48
(23)
Gain/Loss on Disposition of Assets
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3
0
0
0
0
0
0
0
6
0
0
0
(1)
0
0
0
0
0
0
0
(0)
0
(0)
0
(0)
0
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
0
0
(1)
1
129
125
125
122
3
3
3
2
0
0
2
1
75
75
70
71
21
25
27
28
1
13
23
150
110
102
96
(33)
2
3
1
1
(57)
(57)
(56)
(54)
19
19
79
91
77
79
17
(67)
(31)
(32)
(69)
(5)
(44)
(44)
(9)
(7)
(4)
(4)
(7)
(4)
(7)
(17)
(15)
(15)
(18)
(7)
(3)
(3)
0
(1)
(13)
(13)
(3)
(2)
(3)
(3)
(14)
(14)
(16)
(14)
(12)
13
25
18
Pre-Tax Income
(112)
N/A
(112)
+0%
(152)
-37%
(150)
+2%
(2)
+99%
7
N/A
26
+260%
28
+6%
(126)
N/A
(127)
-1%
(134)
-6%
(136)
-2%
(59)
+57%
(76)
-30%
(46)
+39%
(45)
+3%
43
N/A
348
+703%
603
+73%
815
+35%
1 272
+56%
1 155
-9%
936
-19%
1 055
+13%
1 045
-1%
1 267
+21%
1 283
+1%
767
-40%
335
-56%
146
-56%
255
+74%
340
+33%
385
+13%
348
-10%
156
-55%
525
+236%
709
+35%
695
-2%
1 105
+59%
1 326
+20%
1 664
+25%
2 585
+55%
4 529
+75%
4 255
-6%
4 343
+2%
3 485
-20%
1 723
-51%
1 731
+0%
1 127
-35%
718
-36%
610
-15%
679
+11%
843
+24%
1 163
+38%
757
-35%
453
-40%
214
-53%
468
+118%
378
-19%
634
+68%
1 099
+73%
723
-34%
1 015
+40%
1 122
+11%
1 182
+5%
1 255
+6%
1 516
+21%
1 438
-5%
1 039
-28%
496
-52%
336
-32%
27
-92%
106
+288%
636
+500%
516
-19%
666
+29%
528
-21%
530
+0%
344
-35%
413
+20%
836
+103%
853
+2%
1 039
+22%
1 211
+17%
Net Income
Tax Provision
0
0
0
0
0
0
0
0
(0)
(0)
(0)
(0)
0
0
0
0
0
(73)
(103)
(134)
(265)
(237)
(198)
(246)
(240)
(295)
(304)
(164)
(73)
(21)
(45)
(77)
(43)
(32)
3
(84)
(73)
(126)
(229)
(299)
(318)
(541)
(878)
(706)
(798)
(542)
(150)
(203)
(214)
(153)
(204)
(250)
(152)
(234)
(124)
(65)
1
(85)
1
(63)
(135)
27
(133)
(100)
(124)
(179)
(167)
(200)
(13)
149
154
281
200
44
99
30
71
69
130
101
(137)
(135)
(253)
(288)
Income from Continuing Operations
(112)
(112)
(152)
(150)
(2)
7
26
28
(126)
(127)
(134)
(137)
(59)
(76)
(46)
(45)
43
275
500
680
1 007
918
738
809
805
972
979
604
263
126
210
263
342
316
159
441
636
569
876
1 028
1 347
2 043
3 651
3 549
3 545
2 943
1 573
1 528
913
565
406
429
691
930
633
388
215
383
379
571
965
750
881
1 022
1 058
1 076
1 349
1 238
1 025
646
490
308
306
680
615
696
599
600
474
514
699
718
786
923
Income to Minority Interest
(1)
1
5
7
7
6
2
2
3
3
8
8
5
5
2
1
10
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1)
(4)
(5)
(6)
(9)
(8)
(12)
(8)
(11)
(12)
9
10
(9)
(1)
(26)
5
33
18
23
(22)
(23)
(26)
(13)
12
(5)
34
31
78
82
99
100
34
59
0
5
13
18
57
52
4
(17)
(38)
(43)
4
7
6
1
0
(2)
(4)
0
Equity Earnings Affiliates
1
0
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Net Income (Common)
(112)
N/A
(110)
+1%
(148)
-34%
(143)
+3%
5
N/A
13
+146%
28
+113%
30
+4%
(122)
N/A
(124)
-1%
(126)
-1%
(129)
-2%
(54)
+58%
(71)
-32%
(45)
+37%
(44)
+3%
53
N/A
285
+436%
509
+79%
689
+36%
1 007
+46%
918
-9%
738
-20%
809
+10%
805
0%
972
+21%
979
+1%
604
-38%
263
-56%
126
-52%
210
+67%
263
+25%
342
+30%
315
-8%
155
-51%
436
+181%
630
+44%
560
-11%
868
+55%
1 016
+17%
1 339
+32%
2 032
+52%
3 640
+79%
3 558
-2%
3 555
0%
2 933
-17%
1 572
-46%
1 501
-5%
918
-39%
598
-35%
424
-29%
452
+7%
669
+48%
907
+36%
607
-33%
375
-38%
227
-40%
378
+67%
413
+9%
602
+46%
1 042
+73%
832
-20%
980
+18%
1 123
+15%
1 092
-3%
1 135
+4%
1 349
+19%
1 243
-8%
1 038
-16%
663
-36%
547
-18%
361
-34%
309
-14%
663
+114%
576
-13%
653
+13%
602
-8%
606
+1%
481
-21%
515
+7%
699
+36%
715
+2%
782
+9%
922
+18%
EPS (Diluted)
-0.23
N/A
-0.22
+4%
-0.3
-36%
-0.29
+3%
0.01
N/A
0.02
+100%
0.05
+150%
0.05
N/A
-0.25
N/A
-0.26
-4%
-0.26
N/A
-0.26
N/A
-0.11
+58%
-0.14
-27%
-0.09
+36%
-0.09
N/A
0.11
N/A
0.07
-36%
0.13
+86%
0.18
+38%
0.27
+50%
0.24
-11%
0.19
-21%
0.21
+11%
0.2
-5%
0.22
+10%
0.22
N/A
0.13
-41%
0.06
-54%
0.02
-67%
0.04
+100%
0.05
+25%
0.07
+40%
0.07
N/A
0.03
-57%
0.09
+200%
0.14
+56%
0.11
-21%
0.17
+55%
0.2
+18%
0.24
+20%
0.37
+54%
0.65
+76%
0.63
-3%
0.63
N/A
0.52
-17%
0.28
-46%
0.26
-7%
0.16
-38%
0.1
-38%
0.07
-30%
0.08
+14%
0.12
+50%
0.16
+33%
0.11
-31%
0.07
-36%
0.04
-43%
0.07
+75%
0.07
N/A
0.1
+43%
0.18
+80%
0.15
-17%
0.18
+20%
0.16
-11%
0.18
+13%
0.18
N/A
0.21
+17%
0.19
-10%
0.16
-16%
0.1
-38%
0.08
-20%
0.05
-38%
0.05
N/A
0.1
+100%
0.09
-10%
0.1
+11%
0.09
-10%
0.09
N/A
0.07
-22%
0.08
+14%
0.11
+38%
0.11
N/A
0.12
+9%
0.14
+17%

See Also

Summary
Intrinsic value, competitors valuation, and company profile.
DCF Valuation
Stock valuation using Discount Cash Flow valuation method.
Relative Valuation
Stock valuation using valuation multiples.
Wall Street Estimates
Price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
Stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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